Although most of the US banking sector traded down in September, the Big Four banks bucked the trend, propping up the market-cap weighted index. Each of the four US banks with more than $1 trillion in total assets as of June 30 posted positive total returns in September.
Eric Trump, U.S President Donald Trump's son, has signed up as a client of Citigroup and established a trust that holds some of his father's money, Bloomberg News reported on Thursday, citing people with direct knowledge of the matter.
Citigroup has raised its forecast for AI-related infrastructure spending by tech giants to surpass $2.8 trillion through 2029, from $2.3 trillion estimated earlier, citing aggressive early investments by hyperscalers and growing enterprise appetite.
Citi plans to integrate its blockchain-based token services platform with its clearing solution. The integration will create a 24/7, multibank cross-border instant payments capability for Citi's institutional customers in the U.K. and U.S., the bank said Monday (Sept.
NEW YORK--(BUSINESS WIRE)--Today, Citi announced its plans for an industry-first integration of Citi® Token Services, a blockchain-based platform, with its 24/7 USD Clearing solution to create a 24/7, multibank cross-border instant payments capability for Citi's institutional clients in the UK and US. This pioneering move expands Citi's growing real-time, 24/7 network and empowers corporate and...
Citigroup will look for more minority investors in its Mexican retail unit, Banamex, before launching a potential initial public offering, executives said on Thursday.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 56 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2025-4 (CMLTI 2025-4), a prime residential mortgage-backed securities transaction collateralized by owner occupied primary and secondary properties. The underlying pool consists of 370 fixed-rate mortgages (FRMs) with an aggrega...
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